MIRA
INFORM REPORT
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Report No. : |
308132 |
|
Report Date : |
16.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
ESSAR STEEL INDIA LIMITED (w.e.f.18.01.2012) |
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Formerly Known
As : |
ESSAR STEEL LIMITED |
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Registered
Office : |
27Km, |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
01.06.1976 |
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Com. Reg. No.: |
04-013787 |
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Capital
Investment / Paid-up Capital : |
Rs.28692.200 Millions |
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CIN No.: [Company Identification
No.] |
U27100GJ1976FLC013787 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
SRTE00025E |
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PAN No.: [Permanent Account No.] |
AAACE1741P |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturing and Selling of Steel Products. |
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No. of Employees
: |
Information denied by management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Exist |
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Comments : |
Subject is a part of “Essar Group”. It is an established company having moderate track. The company possesses a weak financial profile marked by consecutive
losses which has further deteriorated the position of reserves during 2014. The rating take into consideration the liquidity pressures faced due
to extraneous challenges impacting in running of steel plant. However, the
infusion of funds from the part of promoters has slightly eased the liquidity
position and in turn has nurtured the gradual improvement in its ongoing
financing exercise. Trade relations are fair. Business is active. Payment terms are
reported as slow. In view of support from its group company, the subject can be
considered for business dealings with great caution. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Bank Facilities=C |
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Rating Explanation |
Have very high risk of default. |
|
Date |
24.10.2013 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
LOCATIONS
|
Registered Office/ Plant 1 : |
27Km., Surat Hazira Road, Hazira, Surat – 394270, Gujarat, India |
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Tel. No.: |
91-261-2872400/ 6682400 |
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Fax No.: |
91-261-2872400/ 6682796/ 6685731 |
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E-Mail : |
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Website : |
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Corporate Office : |
Essar House, 11, Keshavrao Khadye Marg, Mahalaxmi, Mumbai – 400034,
Maharashtra, India |
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Tel. No.: |
91-22-66601100 / 24950606 |
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Fax No.: |
91-22-24928896 |
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Marketing and Sales Office : |
6th Floor, Tower-2, Equinox Business Park (Peninsula Techno
Park) Off Bandra Kurla Complex, LBS Marg, Kurla (West), Mumbai – 400070,
Maharashtra, India |
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Tel. No.: |
91-22-67335000 |
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Fax No.: |
91-22-67082189 |
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E-Mail : |
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Plant 2 : |
Vishakhapatnam Scindia Road, Near Flyover, Visakhapatnam – 530004, Andhra Pradesh,
India |
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Tel. No.: |
91-891-2523213 |
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Fax No.: |
91-891-2559383/ 2556907 |
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Processing and
Distribution Facility Network : |
Gat No - 437 and 442, Golechiwadi, Ambi-Nigade Road, MIDC-Talegaon, Pune - 410507, Maharashtra, India |
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Tel. No.: |
91-211-4661401 |
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Regional Head : |
Plot No A -
6,Sipcot, Oragadam, Sriperumbudur (TK) Kanchipuram, Chennai – 602112,
Tamilnadu, India |
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Overseas Offices [Plants] : |
Located at ·
Canada ·
Indonesia ·
United Kingdom ·
United Arab Emirates ·
Germany ·
China |
DIRECTORS
AS ON 31.03.2013
|
Name : |
Mr. Shashikant Nandkishore Ruia |
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Designation : |
Director |
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Address : |
67-A, Walkeshwar Road, Opposite Birla School, Mumbai -
400006, Maharashtra, India |
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Date of Birth/Age : |
23.12.1943 |
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Date of Appointment : |
01.06.1976 |
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DIN No. : |
00047050 |
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Name : |
Mr. Jatinder Dinanath Mehra |
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Designation : |
Director |
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Address : |
C-1/36, Safdarjung Dev Area, New Delhi - 110016, India |
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Date of Birth/Age : |
03.03.1939 |
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Date of Appointment : |
25.06.1997 |
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DIN No. : |
00042789 |
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Name : |
Mr. Venkatraman Govind Raghavan |
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Designation : |
Director |
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Address : |
Flat No 171/172, 17th Floor, Kalpataru Residency, Sion
Circle, Sion (East), Mumbai - 400022, Maharashtra, India |
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Date of Birth/Age : |
16.07.1945 |
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Date of Appointment : |
29.10.2003 |
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DIN No. : |
00008683 |
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Name : |
Mr. Dilip Oommen |
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Designation : |
Managing Director |
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Address : |
D-3/4 Nand Niketan Essar Township, Hazira, Surat - 394270,
Gujarat, India |
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Date of Birth/Age : |
28.03.1958 |
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Qualification : |
Metallurgical engineering from IIT, Kharagpur |
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Date of Appointment : |
07.07.2008 |
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DIN No. : |
02285794 |
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Name : |
Mr. Rana Khagendranath Som |
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Designation : |
Additional director |
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Address : |
B-256, Asian Games Village, Ganapati Andalkar Block, New
Delhi - 110049, India |
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Date of Birth/Age : |
01.01.1952 |
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Date of Appointment : |
03.09.2012 |
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DIN No. : |
00352904 |
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Name : |
Mr. Arvind Pande |
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Designation : |
Director |
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Address : |
E-148(FF), East of Kailash, New Delhi - 110065, India |
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Date of Appointment : |
29.05.2013 |
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DIN No. : |
00007067 |
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Name : |
Mr. Subramaniam Santhanakrishnan |
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Designation : |
Director |
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Address : |
Flat G5, Block 2,Prime Terrace, 150,L.B Road,Tiruvanmiyur, Chennai -
600041, Tamil Nadu, India |
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Date of Appointment : |
12.03.2013 |
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DIN No. : |
00005069 |
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Name : |
Mr. Alok Dhir |
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Designation : |
Director |
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Address : |
C-361, Defence Colony, New Delhi - 110024, Delhi, India |
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Date of Appointment : |
29.05.2013 |
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DIN No. : |
00034335 |
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Name : |
Mr. Surinder Singh Kohli |
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Designation : |
Director |
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Address : |
J-170, Rajouri Garden, New Delhi - 110027, Delhi, India |
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Date of Appointment : |
29.05.2013 |
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DIN No. : |
00169907 |
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Name : |
Mr. Firdose Vandrevala |
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Designation : |
Director |
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Address : |
Lasonrisa 1201, Lakhamsi Napoo Rd,, Dadar East, Mumbai - 400014,
Maharashtra, India |
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Date of Appointment : |
16.11.2013 |
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DIN No. : |
00956609 |
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Name : |
Mr. Prashant Ruia |
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Designation : |
Director |
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Address : |
Lereve Tower 4300 Dubai Marina, Po Box 293778, Dubai, Na, United Arab
Emirates |
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Date of Birth/Age : |
04.06.1969 |
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Date of Appointment : |
28.09.2013 |
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DIN No. : |
01187548 |
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Name : |
Mr. Mahadev Ramnath Iyer |
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Designation : |
Director |
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Address : |
109/110, Indira Apts, Govandi Stn Rd, Deonar, Mumbai - 400088,
Maharashtra, India |
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Date of Birth/Age : |
01.07.1958 |
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Date of Appointment : |
16.11.2013 |
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DIN No. : |
01871295 |
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Name : |
Mr. Hiranmoy Biswas |
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Designation : |
Director |
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Address : |
E-42, Maker Kundan Gardens, Juhu Road, Santacruz West, Mumbai -
400049, Maharashtra, India |
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Date of Appointment : |
26.08.2014 |
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DIN No. : |
02798396 |
KEY EXECUTIVES
|
Name : |
Mr. Rakesh M Darji |
|
Designation : |
Secretary |
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Address : |
C/602, Royal Complex, Jay Bhavani Road, Kasambaug,, Malad (East),
Mumbai, 400097, Maharashtra, India |
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Date of Birth/Age : |
25.10.1973 |
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Date of Appointment : |
09.09.2011 |
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PAN No.: |
AFRPD7254H |
MAJOR SHAREHOLDERS
As on 04.12.2013
|
Names of Allottees |
No. of Shares |
|
Imperial Consultants and Securites Private Limited, India |
21460177 |
|
Total |
21460177 |
As on 22.12.2013
|
Names of Allottees |
No. of Shares |
|
Essar Steel Asia Holdings Limited, Mauritius |
3743392 |
|
Total |
3743392 |
As on 08.06.2013
|
Names of Allottees |
No. of Shares |
|
Essar Steel Limited, Mauritius |
5956519 |
|
Total |
5956519 |
As on 08.06.2013
|
Names of Allottees |
No. of Shares |
|
Tirunelveli Wind Farms Limited |
44247787 |
|
Total |
44247787 |
Equity Share Break up (Percentage of Total Equity)
AS ON 20.10.2012
|
Category |
Percentage |
|
Public financial companies |
0.03 |
|
Foreign holdings [Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others] |
72.97 |
|
Bodies corporate |
17.13 |
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Other top fifty shareholders |
7.49 |
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Others |
2.38 |
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Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Selling of Steel Products. |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
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Selling : |
Not Available |
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Purchasing : |
Not Available |
PRODUCTION STATUS (As on 31.03.2013)
|
Particulars |
Unit |
Production |
|
Iron Ore Pellet** |
MT |
5,662,187 |
|
Hot Briquette Iron / Direct Reduced Iron |
MT |
2,333,337 |
|
Hot Metal |
MT |
2,665,264 |
|
Hot Rolled Coils/Cold Rolled Coils/Plates |
MT |
3,693,136 |
|
Plates |
MT |
520,811 |
|
Pipes |
MT |
159,075 |
GENERAL INFORMATION
|
Suppliers : |
Not Available |
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Customers : |
Not Available |
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No. of Employees : |
Not Available |
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Bankers : |
·
Allahabad Bank ·
Axis Bank Limited ·
Bank of Baroda ·
Bank of India ·
Canara Bank ·
Central Bank of
India ·
Export Import Bank
of India ·
HDFC Bank Limited ·
ICICI Bank Limited ·
IDBI Bank Limited ·
Indian Overseas
Bank ·
Punjab National
Bank ·
State Bank of
Bikaner and Jaipur ·
State Bank of
Hyderabad ·
State Bank of India ·
State Bank of
Mysore ·
State Bank of
Patiala ·
Syndicate Bank ·
The Federal Bank
Limited ·
The Jammu And
Kashmir Bank Limited ·
UCO Bank ·
Union Bank of India ·
Yes Bank Limited
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
M M Chaturvedi and Company Chartered Accountants |
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PAN No.: |
AABFD7919A |
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Membership : |
-- |
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Holding Companies : |
· Essar Steel Asia Holdings Limited (FKA Essar Resources Mauritius Limited) Immediate Holding Company- (ESAHL) (w.e.f. 29.06.2012) · Essar Steel Mauritius Limited - Holding Company of Essar Steel Asia Holdings Limited - (ESML) · Essar Steel Limited - Mauritius - Immediate Holding Company (ESTLM) (upto 28.06.2012) · Essar Global Fund Limited (FKA Essar Global Limited) |
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Subsidiaries : |
· Essar Steel Middle East FZE (ESMEF) · Essar Steel Trading FZE (ESTF) · Paradeep Steel Company Limited. (PSCL) · Essar Steel Offshore Limited. (ESOSL) · Trinity Coal Marketing LLC (EMA) * · Essar Minerals Limited (FKA Essar Mining Limited) * · Essar Mineral Cooperatief U.A. * · Essar Minerals Canada Limited * · New Trinity Holding LLC (NTHL)* · New Resources Inc. (NRI)* · Essar Minerals INC * 26 Trinity RMG Holding LLC * · Trinity Parent Corporation * 27 RMG INC * · Trinity Coal Corporation * 28 Odisha Slurry Pipeline Infrastructure Ltd. (OSPIL)* · Trinity Coal Partners LLC * 29 Hazira Coke Limited (HCL)* ·
New Trinity Coal Inc. (NTCI)* · Bear Fork Resources LLC * · Deep Water Resources LLC * · Levisa Fork Resources LLC * ·
North Springs Resources LLC * ·
Little Elk Mining Company LLC * · Banner Coal Terminal LLC * · Hughes Creek terminal LLC * ·
Frasure Creek Mining LLC * · Falcon Resources LLC * · Prater Branch Resources LLC * * These companies are subsidiaries of a wholly owned subsidiary of the Company |
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Fellow Subsidiaries : |
· Aegis Limited (AEGIS) · Essar Power (Jharkhand) Limited. (EPJL) · Essar Africa Holdings Limited. (EAHL) · Essar Bulk Terminal Paradeep Limited. (EBTPL) · Essar Constructions Overseas Limited. (ECOL) · Essar Electric Power Development Corporation Ltd. (EEPDCL) · Essar Logistics Limited. (ELL) · Essar Mineral Resources Limited. (EMRL) · Essar Offshore Subsea Limited. (EOSL) · Essar Oil Limited. (EOL) · Essar Oilfield Services Pvt Ltd (EOSPL) · Essar Power (M P) Limited. (EPMPL) · Essar Power Gujarat Limited. (EPGL) · Essar Projects (India) Limited. (EPIL) · Essar Shipping Limited (ESL) · Essar Port Limited (EPL) · Essar Steel Algoma Inc. (ESA-INC) · Essar Steel Limited, Mauritius (ESTLM) · Essar Pellets Marketing Limited (EPML) · Essar Steel Processing & Distribution UK Ltd. (ESPD UK) # · PT Essar Indonesia (PTEI) · Vadinar Oil Terminals Limited. (VOTL) · Vadinar Power Company Limited. (VPOCL) · Agc Networks Ltd. (AGCNL) · Equinox Business Parks Private Limited (EBPPL) · Essar Projects Singapore Pte Limited (EPS PTE) · Essar Paradeep Terminals Ltd (EPTL) · Navabharat Power Pvt. Ltd (NPPL) · Tirunelveli Wind Farms Limited (TWFL) · Essar Global Services FZE (EGSF) · Essar Energy Plc (EEP) · Essar Telecom Kenya Limited (ETKL) · Peak Trading Overseas Limited (PTOL) · Vadinar Ports & Terminals Limited (VPTL) · Essar Steel Logistics Limited. (ESLL) · Essar Power Transmission Co Limited (EPTCL) # This Company is ceased to be fellow subsidiary w.e.f. 28th March, 2014 |
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Associates : |
· Bhander Power Limited. (BPOL) 5 Essar Power Hazira Limited (EPHL) · Essar Bulk Terminal Limited. (EBTL) 6 Essar Power Limited. (EPOL) · Essar Power (Orissa) Limited. (EPOOL) 7 Essar Steel Processing FZCO (ESP-FZCO) · Essar Steel Chhattisgarh Limited. (ESCL) |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7175000000 |
Equity Shares |
Rs.10/- each |
Rs.71750.000 Millions |
|
100000000 |
10% Cumulative Redeemable Preference Shares |
Rs.10/- each |
Rs.1000.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.72750.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2824951352 |
Equity Shares |
Rs.10/- each |
Rs.28249.514 Millions |
|
43598951 |
10% Cumulative Redeemable Preference Shares |
Rs.10/- each |
Rs.435.989 Millions |
|
4520703 |
Add: Equity Shares Forfeited |
|
Rs.6.700 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.28692.203
Millions |
AS ON 20.10.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7175000000 |
Equity Shares |
Rs.10/- each |
Rs.71750.000 Millions |
|
100000000 |
10% Cumulative Redeemable Preference Shares |
Rs.10/- each |
Rs.1000.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.72750.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2626837822 |
Equity Shares |
Rs.10/- each |
Rs.26268.378 Millions |
|
43598951 |
10% Cumulative Redeemable Preference Shares |
Rs.10/- each |
Rs.435.989 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.26704.368
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
28692.200 |
28418.000 |
26711.100 |
|
(b) Reserves & Surplus |
56147.800 |
42617.100 |
63823.500 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
84840.000 |
71035.100 |
90534.600 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
284967.300 |
228179.200 |
166645.400 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term liabilities |
50667.100 |
1622.900 |
1909.900 |
|
(d) long-term provisions |
6035.600 |
6559.400 |
4581.400 |
|
Total Non-current Liabilities (3) |
341670.000 |
236361.500 |
173136.700 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
13164.600 |
42871.000 |
76614.000 |
|
(b) Trade payables |
71362.700 |
76458.300 |
43870.500 |
|
(c) Other current
liabilities |
39032.300 |
50425.000 |
39178.200 |
|
(d) Short-term provisions |
4012.000 |
731.800 |
4258.700 |
|
Total Current Liabilities (4) |
127571.600 |
170486.100 |
163921.400 |
|
|
|
|
|
|
TOTAL |
554081.600 |
477882.700 |
427592.700 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
141257.800 |
287660.800 |
205879.400 |
|
(ii) Intangible Assets |
239.100 |
190.500 |
222.100 |
|
(iii) Capital
work-in-progress |
272947.800 |
60047.700 |
112951.700 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
11544.300 |
10333.100 |
5398.700 |
|
(c) Deferred tax assets (net) |
25590.400 |
17526.600 |
3237.700 |
|
(d) Long-term Loan and Advances |
7182.300 |
6851.900 |
8777.200 |
|
(e) Other Non-current assets |
11108.200 |
10333.100 |
9589.700 |
|
Total Non-Current Assets |
469869.900 |
392943.700 |
346056.500 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
32630.400 |
38475.200 |
40446.400 |
|
(c) Trade receivables |
11569.800 |
6812.700 |
5896.600 |
|
(d) Cash and cash
equivalents |
7294.900 |
6231.100 |
6509.600 |
|
(e) Short-term loans and
advances |
30707.500 |
28409.200 |
22502.900 |
|
(f) Other current assets |
2009.100 |
5010.800 |
6180.700 |
|
Total Current Assets |
84211.700 |
84939.000 |
81536.200 |
|
|
|
|
|
|
TOTAL |
554081.600 |
477882.700 |
427592.700 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
133268.800 |
150384.500 |
162738.700 |
|
|
|
Other Income |
10216.700 |
3011.600 |
5367.900 |
|
|
|
TOTAL (A) |
143485.500 |
153396.100 |
168106.600 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
76621.600 |
89941.100 |
89340.700 |
|
|
|
Purchases of Stock-in-Trade |
6680.500 |
2055.900 |
1670.300 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
2662.400 |
(270.700) |
9692.700 |
|
|
|
Employees benefits expense |
3556.900 |
3117.400 |
3899.800 |
|
|
|
Other expenses |
40685.400 |
46918.300 |
47851.300 |
|
|
|
Prior Period Items |
(16014.700) |
0.000 |
0.000 |
|
|
|
Exceptional Items |
0.000 |
13465.500 |
0.000 |
|
|
|
TOTAL (B) |
114192.100 |
155227.500 |
152454.800 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) (C) |
29293.400 |
(1831.400) |
15651.800 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
41767.000 |
24809.800 |
18629.900 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(12473.600) |
(26641.200) |
(2978.100) |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
10673.800 |
15622.100 |
9863.700 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
(23147.400) |
(42263.300) |
(12841.800) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(7176.000) |
(14413.900) |
(326.200) |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
(15971.400) |
(27849.400) |
(12515.600) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Exports |
39391.900 |
36927.900 |
41557.500 |
|
|
|
Others |
0.000 |
2472.900 |
1872.600 |
|
|
TOTAL EARNINGS |
39391.900 |
39400.800 |
43430.100 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
18231.200 |
33809.200 |
32993.200 |
|
|
|
Production Consumables, Stores and Spares and Fuel |
4515.100 |
6540.200 |
9387.800 |
|
|
|
Capital Goods |
251.600 |
3315.500 |
3762.700 |
|
|
|
Traded Goods |
0.000 |
0.000 |
17.300 |
|
|
TOTAL IMPORTS |
22997.900 |
43664.900 |
46161.100 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(5.70) |
(10.59) |
(4.84) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin PAT / Sales |
(%) |
(11.98) |
(18.52) |
(7.69) |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
21.98 |
(1.22) |
9.62 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(9.49) |
(10.84) |
(4.20) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.27) |
(0.59) |
(0.14) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
3.51 |
3.82 |
2.69 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.66 |
0.50 |
0.50 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Share Capital |
26711.100 |
28418.000 |
28692.200 |
|
Reserves & Surplus |
63823.500 |
42617.100 |
56147.800 |
|
Net worth |
90534.600 |
71035.100 |
84840.000 |
|
|
|
|
|
|
long-term borrowings |
166645.400 |
228179.200 |
284967.300 |
|
Short term borrowings |
76614.000 |
42871.000 |
13164.600 |
|
Total
borrowings |
243259.400 |
271050.200 |
298131.900 |
|
Debt/Equity
ratio |
2.687 |
3.816 |
3.514 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales |
162738.700 |
150384.500 |
133268.800 |
|
|
|
(7.591) |
(11.381) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales
|
162738.700 |
150384.500 |
133268.800 |
|
Profit |
(12515.600) |
(27849.400) |
(15971.400) |
|
|
(7.69%) |
(18.52%) |
(11.98%) |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----------- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
---------- |
|
22] |
Litigations that the firm
/ promoter involved in |
Yes |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
---------- |
|
26] |
Buyer visit details |
---------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
LITIGATION:
|
HIGH COURT OF
BOMBAY |
|
CASE DETAILS BENCH: BOMBAY |
|
Presentation
Date:- 11/03/2014 |
|
|
|
Main
Matter Reg. No.:- ITXA/868/2014
Reg. Date :- 03/05/2014 |
|
Petn. Adv : TEJVEER SINGH MASTAN SINGH (I3678)
Resp. Adv.:- ATUL KARSANDAS JASANI (33) District: MUMBAI |
|
Status: PRE-ADMISSION
Category: TAX APPEALS
Last Date: 16/02/2015 Stage:
FOR ADMISSION Last Coram: ACCORDING TO SITTING LIST ACCORDING TO SITTING LIST |
|
Act: Income Tax Act, 1961 UNDER SECTION: 260A |
UNSECURED LOANS:
|
Particulars |
31.03.2014 Rs. In Millions |
31.03.2013 Rs. In Millions |
|
LONG TERM
BORROWINGS |
|
|
|
Dollar / Rupee
Notes |
|
|
|
--From Banks |
2081.800 |
1974.500 |
|
--From others |
21.300 |
29.700 |
|
Sales Tax Deferral Loan |
338.800 |
338.800 |
|
Intercorporate deposits |
12793.700 |
541.700 |
|
Long Term maturities of Finance Lease obligations |
6.300 |
18.300 |
|
Other loans and advances |
4747.400 |
6499.200 |
|
|
|
|
|
|
|
|
|
SHORT TERM
BORROWINGS |
|
|
|
Inter corporate Deposits from related parties |
2270.000 |
11284.800 |
|
|
|
|
|
Total |
22259.300 |
20687.00 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10523882 |
27/09/2014 |
3,861,700,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202 MAKER TOWER E, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
C25495458 |
|
2 |
10523906 |
27/09/2014 |
3,000,000,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202 MAKER TOWER E, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
C25501750 |
|
3 |
10521824 |
17/09/2014 |
7,050,000,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202 MAKER TOWER E, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
C22244636 |
|
4 |
10515922 |
27/06/2014 |
630,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA, DR ANNIE BESANT ROAD, WORLI, MUMBAI, MAHARASHTRA - 400018, INDIA |
C17273129 |
|
5 |
10508485 |
18/06/2014 |
7,500,000,000.00 |
AXIS TRUSTEE SERVICES LIMITED |
AXIS HOUSE, 2ND
FLR, BOMBAY DYEING MILLS COMPOUND, |
C10898013 |
|
6 |
10489741 |
30/04/2014 |
10,560,000,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202 MAKER TOWER E, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
C03712361 |
|
7 |
10494059 |
21/04/2014 |
8,110,000,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202 MAKER TOWER E, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
C04433488 |
|
8 |
10484443 |
20/03/2014 |
3,667,860,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202 MAKER TOWER E, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
C00318469 |
|
9 |
10484444 |
20/03/2014 |
14,854,833,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202 MAKER TOWER E, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
C00318501 |
|
10 |
10483017 |
10/03/2014 |
8,580,000,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202 MAKER TOWER E, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
B98652142 |
|
11 |
10483019 |
10/03/2014 |
4,560,000,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202 MAKER TOWER E, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
B98652696 |
|
12 |
10483615 |
10/03/2014 * |
8,040,000,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202 MAKER TOWER E, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
C04533659 |
|
13 |
10482066 |
13/05/2014 * |
6,111,000,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202 MAKER TOWER E, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
C11258233 |
|
14 |
10456294 |
13/05/2014 * |
614,630,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202 MAKER TOWER E, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
C10419174 |
|
15 |
10450965 |
27/06/2014 * |
60,000,000,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202 MAKER TOWER E, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
C11744133 |
|
16 |
10452159 |
13/05/2014 * |
866,933,200.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202 MAKER TOWER E, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
C09913161 |
|
17 |
10449813 |
13/05/2014 * |
2,506,340,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202 MAKER TOWER E, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
C10421626 |
|
18 |
10452157 |
20/05/2014 * |
3,250,000,000.00 |
INDIAN OVERSEAS BANK |
229, BHAKHTAWAR,
GROUND FLOOR, NARIMAN POINT, MUM |
C04536215 |
|
19 |
10448499 |
17/04/2014 * |
7,000,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA, DR ANNIE BESANT ROAD, WORLI, MUMBAI, MAHARASHTRA - 400018, INDIA |
C03793601 |
|
20 |
10441614 |
15/03/2014 * |
5,384,700,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202 MAKER TOWER E, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
C12219879 |
|
21 |
10433365 |
13/05/2014 * |
1,320,000,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202 MAKER TOWER E, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
C10420859 |
|
22 |
10433227 |
13/05/2014 * |
5,000,000,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202 MAKER TOWER E, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
C11729985 |
|
23 |
10423211 |
13/05/2014 * |
500,000,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202 MAKER TOWER E, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
C10041457 |
|
24 |
10418593 |
13/05/2014 * |
816,637,500.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202 MAKER TOWER E, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
C10018158 |
|
25 |
10419736 |
13/05/2014 * |
1,370,000,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202 MAKER TOWER E, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
C11726833 |
|
26 |
10416513 |
13/05/2014 * |
2,522,481,228.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202 MAKER TOWER E, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
C11721529 |
|
27 |
10413314 |
13/05/2014 * |
5,000,000,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202 MAKER TOWER E, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
C10038107 |
|
28 |
10427208 |
25/03/2013 |
1,200,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA, DR ANNIE BESANT ROAD, WORLI, MUMBAI, MAHARASHTRA - 400018, INDIA |
B75650622 |
|
29 |
10427211 |
25/03/2013 |
3,400,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA, DR ANNIE BESANT ROAD, WORLI, MUMBAI, MAHARASHTRA - 400018, INDIA |
B75650945 |
|
30 |
10413333 |
13/05/2014 * |
6,916,875,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202 MAKER TOWER E, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
C11762721 |
|
31 |
10426367 |
17/04/2014 * |
1,850,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA, DR ANNIE BESANT ROAD, WORLI, MUMBAI, MAHARASHTRA - 400018, INDIA |
C03794856 |
|
32 |
10412553 |
13/05/2014 * |
1,250,050,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202 MAKER TOWER E, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
C10693257 |
|
33 |
10412554 |
13/05/2014 * |
815,250,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202 MAKER TOWER E, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
C10423846 |
|
34 |
10410812 |
13/05/2014 * |
3,000,000,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202 MAKER TOWER E, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
C10045953 |
|
35 |
10400263 |
13/05/2014 * |
2,500,000,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202 MAKER TOWER E, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
C11308210 |
|
36 |
10399798 |
13/05/2014 * |
6,721,375,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202 MAKER TOWER E, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
C10057065 |
|
37 |
10399423 |
11/04/2014 * |
1,375,000,000.00 |
EXPORT IMPORT BANK OF INDIA |
CENTRE ONE
BUILDING, FLOOR 21,WORLD TRADE CENTRE, |
C11547049 |
|
38 |
10393685 |
08/07/2014 * |
26,000,000,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202 MAKER TOWER E, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
C10891828 |
|
39 |
10393432 |
13/05/2014 * |
550,858,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202 MAKER TOWER E, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
C11724721 |
|
40 |
10393229 |
13/05/2014 * |
275,430,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202 MAKER TOWER E, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
C11297173 |
|
41 |
10393055 |
13/05/2014 * |
800,000,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202 MAKER TOWER E, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
C09915943 |
|
42 |
10391983 |
13/05/2014 * |
2,719,400,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202 MAKER TOWER E, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
C11248267 |
|
43 |
10391987 |
13/05/2014 * |
4,895,100,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202 MAKER TOWER E, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
C11256526 |
|
44 |
10390727 |
13/05/2014 * |
20,000,000,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202 MAKER TOWER E, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
C11254042 |
|
45 |
10391514 |
13/05/2014 * |
555,200,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202 MAKER TOWER E, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
C10539302 |
|
46 |
10386942 |
27/02/2014 * |
3,100,000,000.00 |
ICICI BANK LIMITED |
ICICI BANK TOWERS,
BANDRA KURLA COMPLEX, BANDRA E |
B98232119 |
|
47 |
10388020 |
13/05/2014 * |
1,154,139,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202 MAKER TOWER E, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
C11777802 |
|
48 |
10388023 |
13/05/2014 * |
3,297,540,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202 MAKER TOWER E, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
C11732054 |
|
49 |
10377182 |
15/01/2014 * |
2,000,000,000.00 |
SREI INFRASTRUCTURE FINANCE LIMITED |
VISHWAKARMA,86 C,TOPSIA ROAD (SOUTH), KOLKATA, WEST BENGAL - 700046, INDIA |
B94502127 |
|
50 |
10378214 |
13/05/2014 * |
8,800,000,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202 MAKER TOWER E, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
C09897018 |
|
51 |
10377686 |
13/05/2014 * |
2,200,000,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202 MAKER TOWER E, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
C11759073 |
|
52 |
10352084 |
30/06/2012 * |
2,500,000,000.00 |
INDIAN OVERSEAS BANK |
299 BAKHTAWAR, GROUND FLOOR, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
B44365245 |
|
53 |
10311121 |
13/05/2014 * |
10,000,000,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202 MAKER TOWER E, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
C12454088 |
|
54 |
10297913 |
09/06/2011 |
4,000,000,000.00 |
STATE BANK OF HYDERABAD |
11-C, MITTAL TOWER, 210 NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
B17101502 |
|
55 |
10277806 |
13/05/2014 * |
18,780,000,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202 MAKER TOWER E, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
C11753985 |
|
56 |
10269161 |
07/02/2011 |
2,500,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B06200323 |
|
57 |
10263330 |
07/01/2011 |
2,000,000,000.00 |
HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED |
RAMON HOUSE, H T PAREKH MARG, 169 BACKBAY RECLAMATION CHURCHGATE, MUMBAI, MAHARASHTRA - 400020, INDIA |
B04519351 |
|
58 |
10259676 |
20/12/2010 |
3,000,000,000.00 |
HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED |
RAMON HOUSE, H T PAREKH MARG, 169 BACKBAY RECLAMATION CHURCHGATE, MUMBAI, MAHARASHTRA - 400020, INDIA |
B03246410 |
|
59 |
10237423 |
13/05/2014 * |
173,280,000,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202 MAKER TOWER E, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
C11760733 |
|
60 |
10227734 |
14/06/2010 |
1,500,000,000.00 |
UNITED BANK OF INDIA |
25 SIR P M ROAD, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
A88707708 |
|
61 |
10208286 |
20/03/2010 * |
11,200,000,000.00 |
PUNJAB NATIONAL BANK |
102-105, 1ST FLOOR,
RAHEJA CHAMBERS, FREE PRESS JOURNAL MARG, NARIMAN POINT, MUMBAI, MAHARASHTRA
- |
A82448952 |
|
62 |
10186884 |
25/02/2010 * |
2,800,000,000.00 |
PUNJAB NATIONAL BANK |
FORESHORE ROAD, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400 021, INDIA |
A81714453 |
|
63 |
10178251 |
11/09/2009 |
525,000,000.00 |
PUNJAB NATIONAL BANK |
102, FIRST FLOOR, RAHEJA CHAMBERS, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
A70862347 |
|
64 |
10171714 |
13/05/2014 * |
2,500,000,000.00 |
CENTRAL BANK OF INDIA |
CORPORATE FINANCE BRANCH, 1ST FLOOR, MMO BUILDING, M G ROAD, FORT, MUMBAI, MAHARASHTRA - 400023, INDIA |
C16065351 |
|
65 |
10158414 |
20/03/2010 * |
5,500,000,000.00 |
BANK OF INDIA |
BANK OF INDIA BUILDING, 4TH FLOOR, 70/80, M G ROAD, FORT, MUMBAI, MAHARASHTRA - 400021, INDIA |
A82352675 |
|
66 |
10104882 |
12/09/2008 * |
2,000,000,000.00 |
UCO BANK |
FLAGSHIP CORPORATE BRANCH, MCLEOD HOUSE, 3 N S ROAD, KOLKATA, WEST BENGAL - 700001, INDIA |
A45113610 |
|
67 |
10073373 |
11/12/2007 * |
1,812,400,000.00 |
IFCI LTD |
EARNEST HOUSE, 8TH AND 9TH FLOOR, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
A41195363 |
|
68 |
10052536 |
22/05/2007 |
1,950,000,000.00 |
INDUSTRIAL DEVELOPMENT BANK OF INDIA LIMITED |
IDBI TOWERWTC COMPLEX, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
A15736218 |
|
69 |
10053343 |
25/02/2011 * |
1,182,200,000.00 |
ICICI BANK LIMITED |
ICICI BANK TOWERS
BANDRA KURLA COMPLEX, MUMBAI, |
B08872913 |
|
70 |
10026265 |
17/11/2006 |
1,000,000,000.00 |
ALLAHABAD BANK |
INDUSTRIAL FINANCE BRANCH, APEEJAY HOUSE, 3, DINSHAW WACHA ROAD, MUMBAI, MAHARASHTRA - 400020, INDIA |
A06271795 |
|
71 |
10020610 |
11/10/2006 |
500,000,000.00 |
ALLAHABAD BANK |
APEEJAY HOUSE, DINSHA WACHA ROAD, NR K C COLLEGE, CHUCHGATE, MUMBAI, MAHARASHTRA - 400020, INDIA |
A05185186 |
|
72 |
10024588 |
11/12/2007 * |
1,000,000,000.00 |
UCO BANK |
MCLEOD HOUSE, 3, N. S. ROAD, KOLKATA, WEST BENGAL - 700001, INDIA |
A41758244 |
|
73 |
10019672 |
18/09/2006 |
500,000,000.00 |
ALLAHABAD BANK |
INDUSTRIAL FINANCE BRANCH, APEEJAY HOUSE, 3, DINSHAW WACHA ROAD, MUMBAI, MAHARASHTRA - 400020, INDIA |
A04805149 |
|
74 |
10014897 |
10/08/2006 |
3,550,000,000.00 |
EXPORT-IMPORT BANK OF INDIA |
CENTRE ONE; WORLD TRADE CENTRE, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
A03557212 |
|
75 |
80013163 |
11/12/2007 * |
2,500,000,000.00 |
INDUSTRIAL DEVELOPMENT BANK OF INDIA |
IDBI TOWER, WORLD TRADE CENTRE COMPLEX, CUFF PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
A36199834 |
|
76 |
90113001 |
30/06/2005 |
200,000,000.00 |
EXPORT-IMPORT BANK OF INDIA |
CENTRE ONE; WORLD TRADE CENTRE, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
- |
|
77 |
90138523 |
28/02/2005 |
200,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA, DR ANNIE BESANT ROAD, WORLI, MUMBAI, MAHARASHTRA - 400018, INDIA |
- |
|
78 |
90138503 |
08/09/2004 |
500,000,000.00 |
ING VYSYA BANK LIMITED |
POONAM CHAMBERS, A; WING DR. A.B. ROAD; WORLI, MUMBAI, MAHARASHTRA - 400018, INDIA |
- |
|
79 |
90140322 |
27/08/2004 |
500,000,000.00 |
STANDARD CHARTERED BANK |
90; MAHATMA GANDHI ROAD, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
- |
|
80 |
90138435 |
25/06/2003 |
3,125,000.00 |
EXPORT-IMPORT BANK OF INDIA |
CENTRE ONE; WORLD TRADE CENTRE, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
- |
*Date of modification Charges
FIXED ASSETS:
· Freehold Land
Leasehold
Land
Buildings
Leasehold
Building
Plant
and Machinery
Leasehold
Plant and Machinery
Furniture
and Fixtures
Office
Equipment
Computers
Vehicles
Ships
and Vessels
Railway
Sidings and Wagons
Leasehold
Railway Sidings and Wagons
Aircraft
Software’s
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON DESIGNATED
PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No available
information exist that suggest that subject or any of its principals have been
formally charged or convicted by a competent governmental authority for any
financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.14 |
|
|
1 |
Rs.95.78 |
|
Euro |
1 |
Rs.71.05 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
29 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NB |
NEW BUSINESS |
||
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.